Bharat Book

Philippines Tyre Market and Opportunities

Press Release   •   Jul 12, 2013 11:39 IST

Philippines is the one of the best performing economies in Asia. However, the country is still encountering problems of corruption, political instability and high unemployment. The passenger car ownership in Philippines is comparatively lower than many countries in the region, however, this scenario is undergoing a change and the car ownership is expected to increase in the near future. The government of Philippines is taking several initiatives such as easy availability of loans and promoting growth of rubber production etc. which are expected to contribute to the growth of the tyre market. The government plans to increase the natural rubber production in the country from 138,710 hectares in 2010 to over 200,000 hectares by 2016, denoting an annual increase of over 10,000 hectares. There are only few tyre manufacturers in Philippines with Yokohama being the leading manufacturer. Tyre manufacturers are also expected to increase their production over the coming years. The increase in natural rubber production is also likely to draw foreign investments in the country’s tyre market.
 According to “Philippines Tyre Market Forecast & Opportunities, 2018”, Philippines tyre market revenues are anticipated to reach up to USD 2.8 Billion by 2018. The major revenue generating regions for Philippines tyre market includes the NCR region which comprises of Metro Manila, and suburban areas, Cebu City, Davao City and Cagayan De Oro City. The introduction of National Automotive Manufacturing Industry Strategy (NAMIS) in 2013 and increasing rubber plantation area in the country are expected to push the tyre market of Philippines to newer heights. The industry is also witnessing growth in the demand for vehicles and automotive giants such as Toyota and Mitsubishi have planned to increase their production output during the forecasted period. This would also contribute directly to the demand for tyres in the country. The growth of replacement tyre market and increase in tyre retreading will contribute significantly to the tyre market in Philippines. “Philippines Tyre Market Forecast & Opportunities, 2018” report elaborates following particulars:
 • Global Tyre Market Size, Share & Forecast
 • Philippines Tyre Market Size, Share & Forecast
 • Policy & Regulatory Landscape
 • Changing Market Trends & Dynamics
 • Competitive Landscape & Strategic Recommendations
 Why You Should Buy This Report
 • To gain an in-depth understanding of tyre industry dynamics in Philippines
 • To identify the on-going trends and anticipated growth in the coming years
 • To help industry consultants, tyre manufacturers and dealers to align their market-centric strategies
 • To obtain research based business decision and add weight to presentations and marketing materials
 • To gain competitive knowledge of leading players
 • To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs
 Report Methodology
 The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with tyre manufacturers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like newspapers, company annual reports and proprietary databases.
 1. Executive Summary
 2. Global Tyre Market Outlook
 2.1. Market Size & Forecast
 2.1.1. By Value
 2.1.2. By Volume
 2.2. Market Share & Forecast
 2.2.1. By Region
 2.2.2. By Company
 3. Global Replacement Tyre Market Outlook
 3.1. Market Size & Forecast
 3.1.1. By Value
 3.1.2. By Volume
 4. Philippines Tyre market Outlook
 4.1. Market Size & Forecast
 4.1.1. By Value
 4.1.2. By Volume
 4.2. Market Share
 4.2.1. By Segment
 5. Philippines Replacement Tyre Market Outlook
 5.1. Market Size & Forecast
 5.1.1. By Value
 5.1.2. By Volume
 5.2. Market Share
 5.2.1. By Segment
 6. Philippines Tyre Trade Dynamics
 7. Market Dynamics
 7.1. Drivers
 7.2. Challenges
 8. Policy & Regulatory Framework
 9. Industry Risk Analysis
 10. Market Trends and Developments
 10.1. Natural Rubber Production
 10.2. Passenger Cars
 10.3. Tyre Retreading
 10.4. Government Initiatives
 11. Philippines Economic Profile
 12. Competitive Landscape
 12.1. Porter’s Five Forces Model
 12.2. Leading Company Profiles
 12.2.1. Yokohama Tyre Philippines, Incorporated (YTPI)
 12.2.2. Goodyear Philippines
 12.2.3. Toyo Tyre and Rubber Company Ltd.
 12.2.4. Bridgestone Philippines
 12.2.5. Michelin Asia Singapore Co. Pte., Ltd.
 12.2.6. Apollo Tyres Limited
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